Founded in 1982
Smith/Packett was founded in 1982 by James R. “Jim” Smith as a development and Certificate of Need consulting firm. By 1986, Mr. Smith had formed various partnerships and developed nursing homes throughout Virginia, Florida and the Carolinas. These partnerships grew to include senior housing communities, active adult communities, independent living, assisted living, nursing homes, medical/office buildings, and mixed use facilities and grew geographically to be throughout the United States east of the Mississippi.
Smith/Packett has developed or acquired more than 150 long-term and senior housing facilities throughout the Southeast. These properties have an aggregate value in excess of $1.5 billion, making Smith/Packett one of the largest and most prolific firms in the industry.
Mr. Smith in addition to founding Smith/Packett has also formed Harmony Senior Services, one of the fastest growing operators of Independent Living, Assisted Living, and Memory Care senior communities in the country. Additionally, he has created Wessex Capital Investments, a nationally recognized private equity firm whose core expertise is value creation through investments in opportunistic acquisitions and new construction of senior housing and commercial real estate. As Mr. Smith says, “together these three companies form the three legs of the stool uniquely positioning each company with a competitive advantage”.
We build positive ongoing relationships.
Our proven success is the direct result of working in close cooperation with community leaders, hospitals, civic groups and leading industry operators in order to provide quality senior housing that is compatible with a broad spectrum of income and reimbursement systems.
We are experienced in government regulations and expectations.
We know the challenges and how to embrace them successfully. We have decades of experience working with the local and state governmental agencies and authorities that regulate all aspects of senior housing.
We understand reimbursement.
Our founder is a recognized expert in Medicare and Medicaid and other third-party payer systems. The entire Smith/Packett team stays abreast of any and all changes in this critical facet of the business.
We are experts at scaling what we do.
In the past 4 years alone, we have developed more than 40 senior living facilities, valued at over $400M with each community uniquely sized according to its market need.
We deliver to our partners.
Our reputation and expertise makes us an invaluable asset to any group interested in the senior housing space by delivering exceptional returns to our investors, meeting commitments to our lenders, and continuing to develop more projects with our general contractor, architect, and civil engineer partners.